HAH! Guess How Much Money Soon-To-Be-Canned HP CEO Apotheker Will Get For His Lousy Year Of Workhttp://www.businessinsider.com/soon-to-be-canned-hp-ceo-apotheker-will-get-94-million-for-his-lousy-year-of-work-2011-9/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 23:16:27 -0500Nicholas Carlsonhttp://www.businessinsider.com/c/4e9e349469bedd4821000027MTS ConverterTue, 18 Oct 2011 22:23:16 -0400http://www.businessinsider.com/c/4e9e349469bedd4821000027
Hewlett-Packard fires its third CEO in six years, sending Leo Apotheker packing and hiring former eBay CEO Meg Whitman to replace him.http://www.businessinsider.com/c/4e80c012eab8ea391c000031Best FriendsMon, 26 Sep 2011 14:10:26 -0400http://www.businessinsider.com/c/4e80c012eab8ea391c000031
HP company develop very slow nowadays.
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And many received 35% or more cuts when Hurd led the acquisition of their employer, whether their business unit was beating profit goals or not.http://www.businessinsider.com/c/4e7bae8ceab8eac96e00001bjeff lindnerThu, 22 Sep 2011 17:54:20 -0400http://www.businessinsider.com/c/4e7bae8ceab8eac96e00001b
just another day in the valley. And only because they are sooooooooooooo big will they survive and this will be absorbed on the backs of all the hard working people at HP.http://www.businessinsider.com/c/4e7b5bedecad04007d000036WTFThu, 22 Sep 2011 12:01:49 -0400http://www.businessinsider.com/c/4e7b5bedecad04007d000036
Firstly HP board should be fired for hiring him and possibly replacing with Meg Whitman. Secondly Nokia board better be reading this and fire Steve Elop before his Elopcalypse decimates Nokia and it becomes a HBR case study for many years to come.http://www.businessinsider.com/c/4e7a8bddeab8ea476000000dMarahMarieWed, 21 Sep 2011 21:14:05 -0400http://www.businessinsider.com/c/4e7a8bddeab8ea476000000d
An oldie but goodie:
<a href="http://www.theatlantic.com/magazine/archive/2009/06/do-ceos-matter/7437/" target="_blank">http://www.theatlantic.com/magazine/archive/2009/06/do-ceos-matter/7437/</a>
Choice quotes:
"Earlier this year, Jeffrey Immelt, the beleaguered successor to Jack Welch as CEO of General Electric, rather defensively told a gathering sponsored by the Financial Times that in the 1990s, “anyone could have run GE and done well.” Warming to his theme, he added, “Not only could anyone have run GE in the 1990s, [a] dog could have run GE. A German shepherd could have run GE.” Welch, to his credit, more or less agreed with this assessment.
...followed by...
"One problem with the idea of the transformative CEO, able to reshape corporate culture or inspire workers to new heights, some scholars argue, is that people simply don’t feel allegiance to large entities like corporations, no matter who’s at the helm. Their loyalties are far more localized. Like infantrymen, their sense of belonging extends to their own platoon but no farther. And in these postmodern times, employees are mostly scornful of any grandiose rhetoric about higher purposes and the nobility of their cause. From this perspective, the CEO’s power to affect performance, while strong within the immediate team of top executives, rapidly diminishes as it extends beyond that team."
IMO, *anyone* fairly competent can "spell out exactly where teams should end up, but not dictate the step-by-step process" to get there, yet most people who do 1) are middle managers, not CEOs and 2) get paid a lot less to do it than the Jack Welches and Leo Apothekers of the world. You need a figurehead, granted - but you don't need him or her to make a bajillion dollars a year to ensure your company thrives. Take the head of Publix as an example - it might not be HP or Apple, but it's a good, solid, thriving company: <a href="http://articles.orlandosentinel.com/2011-05-08/business/os-cfb-kassab-publix-ceo-paid-less-20110508_1_publix-esop-crenshaw" target="_blank">http://articles.orlandosentinel.com/2011-05-08/business/os-cfb-kassab-publix-ceo-paid-less-20110508_1_publix-esop-crenshaw</a>http://www.businessinsider.com/c/4e7a5d14eab8ea207200000fAlex CastroWed, 21 Sep 2011 17:54:28 -0400http://www.businessinsider.com/c/4e7a5d14eab8ea207200000f
Actually no, because poor performance is *generally* somewhat subjective and there would be no point in having a "for cause" clause since companies would always opt for the "for cause' firing to avoid paying anything. Usually, "for cause" is a pretty high bar. So it is likely Leo would get his payday despite how distastefull it might seem to others.http://www.businessinsider.com/c/4e7a420e6bb3f7d144000001bob eWed, 21 Sep 2011 15:59:10 -0400http://www.businessinsider.com/c/4e7a420e6bb3f7d144000001
Carol Bartz is looking for work I hear.http://www.businessinsider.com/c/4e7a3d31eab8eaed20000001OlternautWed, 21 Sep 2011 15:38:25 -0400http://www.businessinsider.com/c/4e7a3d31eab8eaed20000001
Are you freaking serious???
Hell, hire me then HP. I'll be sure to screw up big time!
Or I might go nuts, take a dollar salary, and ACTUALLY FOCUS THE COMPANY ON MAKING GAME CHANGING PRODUCTS. All without making the same RETARDED mistakes Palm did!http://www.businessinsider.com/c/4e7a3799eab8eab815000002Dirk DigglerWed, 21 Sep 2011 15:14:33 -0400http://www.businessinsider.com/c/4e7a3799eab8eab815000002
Isn't screwing up your company, "for cause"...http://www.businessinsider.com/c/4e7a28c16bb3f76e7f00000bDean WormerWed, 21 Sep 2011 14:11:13 -0400http://www.businessinsider.com/c/4e7a28c16bb3f76e7f00000b
So now they're on to their 4th CEO in what 5 years. Too bad once formerly great founding company of the valley. NOw we're all on to more important work like Groupon.http://www.businessinsider.com/c/4e7a26eb6bb3f78c7f000031gdudeWed, 21 Sep 2011 14:03:23 -0400http://www.businessinsider.com/c/4e7a26eb6bb3f78c7f000031
Further proof of the debt bubble we're still refusing to let the air out of -- the ridiculousness of executive compensation levels. Throwing gobs of money at people just to show up with little incentive to produce, as if we couldn't find someone to run our companies and banks into the ground for "only" 30 times the average wage vs the 310 times the average wage they're getting. Boards are so remiss. No one has any sense of self restraint, proportion, and the long term any more.http://www.businessinsider.com/c/4e7a26d369bedda62f00000cjamesusnvetWed, 21 Sep 2011 14:02:59 -0400http://www.businessinsider.com/c/4e7a26d369bedda62f00000c
Well I just figured out why most HP employees have had a pay raise freeze since he came on board.........